Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Banking Institutions
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
Raymond James & Associates, Inc. Overview
RAYMOND JAMES & ASSOCIATES, INC. is a well-established fee-based investment advisory firm headquartered in St. Petersburg, FL. The firm has been in business since 1974, proving their credibility and experience in the industry. RAYMOND JAMES & ASSOCIATES, INC. is a broker-dealer and insurance broker/agent, as well as a municipal advisor, which allows for a wider range of services to clients. RAYMOND JAMES & ASSOCIATES, INC. offers financial planning services and portfolio management for individuals and small businesses, demonstrating their dedication to helping clients achieve their financial goals. The firm also provides portfolio management for businesses or institutional clients, which gives clients the flexibility to grow their investments regardless of their company size. Moreover, RAYMOND JAMES & ASSOCIATES, INC. offers pension consulting services, which is beneficial to clients who want to ensure retirement security for themselves and their employees. In addition to the services provided, RAYMOND JAMES & ASSOCIATES, INC. offers other non-discretionary advisory services such as asset allocation, hourly and fixed rate consultations, and research to certain institutional clients. Overall, RAYMOND JAMES & ASSOCIATES, INC. offers a comprehensive range of services to cater to their clients’ diverse investment needs.
RAYMOND JAMES & ASSOCIATES, INC. is a reputable financial firm that caters to various clients, including individuals, high net worth individuals, banking institutions, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporation types not listed. Their diverse range of clients is a testament to the firm's expertise and ability to provide personalized financial advice and solutions to meet each client's unique needs. When it comes to fee structures, RAYMOND JAMES & ASSOCIATES, INC. offers several options depending on the service provided. For clients who require investment management services, a percentage of assets under management (AUM) typically applies. This fee is calculated as a percentage of the total value of the assets that the firm manages on behalf of the client. For clients who require financial planning or other advisory services, hourly fees may be more appropriate. Alternatively, fixed fees can be charged for specific services such as tax planning or estate planning. Finally, for clients who require brokerage services, commissions are charged based on the value of the transaction. Overall, the variety of fee structures available at RAYMOND JAMES & ASSOCIATES, INC. ensures that clients can choose an arrangement that is most suitable for their specific financial needs and goals.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Raymond James & Associates, Inc., there is no investment minimum required for their planning and investment consulting services for individuals. However, potential clients should consult with their financial advisor to determine if there are any minimum asset requirements for accepting them as a client. The clients will need to complete the Wealth Advisory Services agreement and pay the fees noted in the agreement. Therefore, clients can enjoy the benefits of the firm's services without having to meet any investment minimum, but they should check with their advisor to ensure there are no further requirements or restrictions.
How This Office Can Help Tupelo, MS Residents
As a leading financial services firm, Raymond James & Associates offers individuals and businesses in Tupelo, MS a wide range of solutions that cater to their specific needs. The firm's team of financial advisors works tirelessly to help clients achieve their financial goals, no matter what challenges they're facing. With a deep understanding of the local economy, they can provide valuable insights into the specific financial situations faced by people living in Tupelo, such as the need for retirement planning, estate planning, and tax-efficient investing. In addition to these services, Raymond James & Associates also offers customized portfolio management, risk assessment, and wealth management solutions designed to help clients build and grow their wealth over the long term. Whether someone living in Tupelo wants to start their own business, save for a child's education, or plan for their retirement, the financial advisors at Raymond James & Associates have the experience and expertise to help them succeed. With their steadfast commitment to delivering value and comprehensive support to their clients, they're a trusted partner for anyone seeking sound financial advice and guidance.
Services Offered by Raymond James & Associates, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Raymond James & Associates, Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Unavailable
Subscription (Newsletter or Periodical)
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Raymond James & Associates, Inc. is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Raymond James & Associates, Inc. does not have any disclosures. Please visit it's Form ADV for more details.